Dhanlaxmi Bank (NSE:DHANBANK) Debt-to-Equity : 0.14 (As of Sep. 2024)

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What is Dhanlaxmi Bank Debt-to-Equity?

Dhanlaxmi Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹0 Mil. Dhanlaxmi Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹1,500 Mil. Dhanlaxmi Bank's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹10,557 Mil. Dhanlaxmi Bank's debt to equity for the quarter that ended in Sep. 2024 was 0.14.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Dhanlaxmi Bank's Debt-to-Equity or its related term are showing as below:

NSE:DHANBANK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.22 Max: 0.65
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Dhanlaxmi Bank was 0.65. The lowest was 0.14. And the median was 0.22.

NSE:DHANBANK's Debt-to-Equity is ranked better than
85.23% of 1449 companies
in the Banks industry
Industry Median: 0.63 vs NSE:DHANBANK: 0.14

Dhanlaxmi Bank Debt-to-Equity Historical Data

The historical data trend for Dhanlaxmi Bank's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Dhanlaxmi Bank Debt-to-Equity Chart

Dhanlaxmi Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.22

0.17

0.51

0.29

Dhanlaxmi Bank Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.16	0.15	0.29	0.15	0.14

Competitive Comparison of Dhanlaxmi Bank's Debt-to-Equity

For the Banks - Regional subindustry, Dhanlaxmi Bank's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Dhanlaxmi Bank's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Dhanlaxmi Bank's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dhanlaxmi Bank's Debt-to-Equity falls into.

Dhanlaxmi Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dhanlaxmi Bank's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	2990.35)	/	10297.622
	=	0.29

Dhanlaxmi Bank's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	1500)	/	10556.7
	=	0.14

Dhanlaxmi Bank (NSE:DHANBANK) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Dhanlaxmi Bank Debt-to-Equity Related Terms

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Dhanlaxmi Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Dhanlaxmi Bank Ltd (NSE:DHANBANK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

532180:India

Address

Punkunnam, Thrissur, Thrissur, KL, IND, 680 002

Website

https://www.dhanbank.com

Dhanlaxmi Bank Ltd provides various banking and financial services in India. The bank operates through four segments. Its Treasury operations segment consists of interest earnings on the investment portfolio of the bank, gains or losses on investment operations, and earnings from foreign exchange business. The Corporate and wholesale banking segment offers loans and other banking services to the corporate segment. Its Retail Banking segment renders loans and other banking services to non-corporate customers. The Other banking operations segment includes income from para-banking activities such as debit cards, third-party product distribution, and associated costs. All the operations of the bank are located in India. The retail banking segment generates the highest revenue.

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